>> so much of the federal deficit does come from ticket demographic problem, which is that many baby boomers are going to be retiring -- the fact -- come from a demographic problem, which is that many baby boomers are going to be retiring. >> we are maintaining the position of no cuts, because there's not any conversation happening in this capital area yet about revenue. that there can be improvements in the delivery of medicare. the demographic problem in this country in our minds has to be solved by creating good jobs and getting the economy growing from people spending again because i have enough money in their pockets to generate the kind of revenue that will allow for the medicare system to be solvent through the next generation. >> would you go along with passed medicare cuts of president obama has proposed in past budgets, and seek to cut the rate of growth? >> our current position is that there is no reason to entertain any question like that, because there is no indication that we're going to break on revenue. it is important to maintain and no cuts position to break the no